The Big Apple’s biotech dreams are stuck in the Petri dish

The nation’s bigger biotech hubs, like those in Boston and the Bay Area, beckon promising biotech startups with their well-bred gene pools of talent, real estate, and investors. Even as the biotech industry as a whole reaches new highs, this is an ecosystem that New York City—home base to so many other industries—has struggled to build. There’s a deep incongruity here. The city boasts nine of the country’s top medical centers, and the state ranks in the top three for National Institutes of Health awards. Read more